Metropolitan Airports Commission

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Presentation transcript:

Metropolitan Airports Commission 2017 Operating Budget

2017 Budget Targets Coverage Ratio-2.4x on Senior General Airport Revenue Bonds, 1.4x Overall Outcome: 4.64x Senior, 1.94x Overall Six Month Operating Fund Reserve Outcome: Transfer of $3,522,000 on 1/2/2017 Airline Cost/Enplaned Passenger lower 1/3 Large Hub Airports Outcome: 7th overall at $6.41-up one position Budget to operate system of airports, meet debt service obligations & fund reserves and capital requirements Outcome: $70.4 million Net Revenues Available for Designation

2017 Draft Operating Budget

Operating Revenues

Airline Rates and Charges Terminal 2-Humphrey Revenue 4 additional gates

Concessions Parking Food/Beverage/News/Retail Parking rate increase New stores from the 2015 rebid

Rentals Ground Rentals New ground rates as of July 1, 2016 Full year of revenue under new rates in 2017

Operating Expenses

Personnel 9 New Positions for 2016 8 New Positions for 2017 6 Information Technology 8 New Positions for 2017 2 Information Technology 1 Concessions 3 Police 1 Fire 1 Environment

Personnel Wage Adjustment – 2.75% Overtime based on historical averages Vacancy Factor Benefit Decreases MERF Pension Health Care Actuarial Report

Professional Services Update of MAC’s Economic Impact Study Other Develop green stormwater infrastructure plan Implement community engagement plan Execute sustainability and strategy projects

Operating Services Service Agreements Other Information Technology related Newly installed networking equipment Improvements to Learning Management System Airline interface common use equipment Data storage Remote noise monitoring pole replacement Storm water monitoring – new requirements and budgeted for an average winter. Other Airport Foundation – Arts Program Security services – Employee entrance and additional gates

Maintenance Cleaning Budget for an average winter Contract increase Terminal 2 Expansion New restrooms Budget for an average winter

Upcoming Review of All Revenue & Expenses Anticipated changes to next version of budget: Debt Service Concessions – Food, Beverage & Passenger Services

Upcoming October 18 - Airline Meeting November 7 - Budget Update December 5 - Final Draft of Budget December 19 - Commission Approval